Nippon Techno Lab Inc. (SPSE:3849) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 5.78% of its issued and outstanding share capital, for a total of ¥100 million. The purpose of repurchase program is to execute flexible capital policies in response to changes in the business environment.

The repurchase program is valid till November 16, 2023. As of November 16, 2022, the company has 1,731,000 outstanding shares and has 98,700 shares in treasury.